**Murphy Highlights BTC Market Dynamics Post-U.S. Government Shutdown Resolution**
On November 13, 2025, on-chain analyst Murphy released an insightful Bitcoin (BTC) market analysis, examining bullish and bearish signals following the recent resolution of the U.S. government shutdown. The analysis highlights the market’s fragility—panic levels have decreased, but recovery remains elusive as investors grapple with uncertain sentiment amid key on-chain indicators and evolving macroeconomic conditions.
Murphy’s report, published on BlockBeats, draws attention to the notable decrease in BTC balances on Binance. This trend suggests that funds are gradually flowing back into the market, relieving some selling pressure. Despite Bitcoin’s price rebounding to $105,000, it subsequently experienced a decline, although losses were less severe compared to previous weeks.
While market sentiment is adjusting in response to weak performance, Murphy notes that there are no clear signs pointing toward a definitive recovery. Demand from new BTC investors appears to be slowing, reflecting a reduced appetite for risk. At the same time, long-term holders continue to maintain their positions, with only marginal reductions observed.
This combination of factors underlines the market’s current fragility—any fundamental developments could significantly amplify price movements. Analyst Arthur Hayes recently remarked, “The U.S. government is back at what it does best—printing money and handing out benefits. BTC is about to take off!” Statements like these illustrate the varied reactions within the crypto community regarding macroeconomic events.
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**Current BTC Price and Market Dominance Amid Weakness**
Did you know? The decrease in Bitcoin holdings on Binance has historically influenced over 60% of bull market cycles, suggesting potential for market stabilization.
According to CoinMarketCap, Bitcoin’s price currently stands at $103,726.73, representing a 0.35% increase over the past 24 hours. Despite maintaining continued market dominance at 59.13%, Bitcoin is experiencing a 7.23% decline over the last 30 days. Trading volume is robust, reaching $75.33 billion.
Research from the Coincu team projects that the market will continue responding to macroeconomic factors, emphasizing the need for clearer regulatory guidance to foster long-term stability. The resilience displayed by long-term holders may help support a gradual recovery, especially as enthusiasm from new investors wanes.
As Murphy aptly puts it:
> “Despite significant selling pressure, the price has not been driven down, indicating that the demand side corresponding to the oversupply is equally strong. Therefore, the current market is still in a bull market phase rather than the beginning of a bearish reversal.”
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In conclusion, while Bitcoin faces short-term weaknesses and a cautious market environment, key indicators show that foundational demand remains strong, keeping the possibility open for future growth once macroeconomic and regulatory conditions improve.
https://bitcoinethereumnews.com/bitcoin/bitcoin-analysts-report-mixed-on-chain-signals-amid-market-adjustments/
